Commodities

March 17, 2023

A Crude Two Weeks For Energy

The recent carnage in the energy sector has been lost in the shuffle, so let’s take a quick look.

Below is a chart of crude oil’s weekly chart dating back three years. With this week’s decline, prices fell to their lowest level since December 2021. And the one-week rate of change shows this is the largest one-week decline since early 2020. 😬

We mention it because the oil price decline is also showing up in energy-related ETFs. Their 10-day performance shows declines ranging from 6% to 22%. 🔻

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Siemens Seeks Support

October 26, 2023

With the energy sector shifting from last year’s best performer to this year’s worst, many investors are trying to determine whether the downward trend will continue or if this is a potential buying opportunity. For now, we’ll have to wait and see. 👀

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